Certainly shaping up very well leading into a period of heightened newsflow. Here's the daily chart, below. Former resistance at 19.5c has turned into support. SHP seems to be consolidating now in the low 20s which sets us up well for a push into the high 20s/ low 30s upon release of the upcoming newsflow. The main events/ price-sensitive newsflow on the horizon, include:
The last two points (the resource upgrade and the scoping study) are the major news events that should generate significant interest and a revaluation of the stock. In saying that, if the OHM-02 results come back favourable (which I suspect will be the case), then the market may already start pricing in the resource upgrade and scoping study results. Of course, no one has a crystal ball here, and I might be wrong, but I'd like to think there is some major upside to the share price incoming. Let's see.